ICBC: It's no problem to digest small and medium sized non-performing loans

On the morning of June 6, 2009, CCTV economic channel "How to crack the financing of small and medium-sized Enterprises" Large International forum held in Beijing Diaoyutai State Guesthouse, Sina Finance full broadcast this meeting. Photo: Kaisheng, President of ICBC. (Photo source: Sina Financial Hu Ming) Click here to view all financial news pictures in the "How to crack the financing of small and medium-sized enterprises," The large International forum held today at the Diaoyutai National Guesthouse, ICBC governor Kaisheng said to Sina Finance, ICBC's allocation coverage of more than 130%,　　It is no problem to digest the non-performing loans of SMEs. Kaisheng said that the current ratio of non-performing loans to small and medium-sized enterprises is 2.9%, than the average non-performing loans 1.9% higher than 1%, but the risk is within manageable range. ICBC has reduced its risk by fully withdrawing its provision.　　There is no problem with the provision of more than 130% per cent coverage and the absorption of non-performing loans from SMEs. It is reported that from 1 to May this year, ICBC loans to small and medium-sized enterprises is 2.22 trillion yuan, the 1 to May growth of 325.4 billion, an increase of 17.16%, higher than the entire loan 14.5% growth. From 1 to May this year, 61% of the loan was paid to small and medium-sized enterprises, and SMEs accounted for a 47.16% increase to 49% in ICBC at the end of last year. (Snow Ting)